How Diddy’s Empire Lost Millions Amid Mounting Legal Troubles

2024-07-08 4,176

Over the past two decades, Diddy expanded his businesses across several lifestyle categories—including the Sean John fashion and fragrance lines, a wildly successful Cîroc vodka partnership with British spirits conglomerate Diageo and founding the Revolt TV network—and over that period (before taxes and fees), he earned nearly a billion dollars.

In 2019, Forbes estimated Combs’ personal wealth at $740 million. Both Combs and his team later claimed that he was a billionaire, despite offering no documentation to back up the claim. Forbes now conservatively estimates he is worth $400 million.

Given the severity of those civil cases and a looming federal investigation reportedly into human trafficking, Combs now faces an existential threat to his freedom and his fortune.

0:00 Before The Legal Trouble
1:32 Cîroc And Sean John
2:53 Diddy's Highest Net Worth
5:08 Diddy's Legal Trouble
13:56 The Impact On Diddy's Businesses
16:02 The Impact On Diddy's Music Catalogue
18:27 The Impact On Sean John
20:36 Diddy's Current Net Worth
20:56 What's Next For Diddy

Read the full story on Forbes: https://www.forbes.com/sites/lisettevoytko/2024/06/21/inside-the-rubble-of-diddys-empire/

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